Quotes by Daymond John - Page 2

I'm the kind of person that when I saw a lack of African Americans in the apparel business, that was something I set out to do, and I lead by example.
Daymond John / Entrepreneur
Apparel
African
African Americans
Lead By Example
Copy Quote
I think it's only failure if you put the word failure on it. I think it's part of the process of learning where you're going to go and what doesn't work.
Daymond John / Entrepreneur
Ifs
Process
Thinking
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I always tried to align myself with strategic partners, friends, and information to help me with the things that I did not know, and ultimately, I made it.
Daymond John / Entrepreneur
Partners
Strategic
Myself Always Me
Align
Ultimately
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If you can't come clean and tell investors how and why you failed, that raises a red flag. They need to see that you learned from it and came back stronger.
Daymond John / Entrepreneur
Needs
Red Flags
Stronger
Copy Quote
I'm not a golf player. I think golf and fishing are the same, but at the end of the day, you can't fry up and golf ball and dip it in tartar sauce. So I'm a fisherman.
Daymond John / Entrepreneur
Golf
Player
Thinking
Copy Quote
Make sure you're doing something that you love, that you're willing to do for the rest of your life. If you're doing it for money, that's the only thing you won't make.
Daymond John / Entrepreneur
Ifs
Rest Of Your Life
Willing
Copy Quote
No matter what business you're in, business is business, and financing and money are critical. I would have made a lot fewer mistakes if I had more schooling in that area.
Daymond John / Entrepreneur
Critical
Fewer
Financing
Schooling
Mistakes
Area
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I don't care if you're my brother - if we go play football, I'm gonna try to crack your head open. It doesn't mean that I don't love you. It doesn't mean that I don't respect you.
Daymond John / Entrepreneur
Brother
Don't Care
Love You
Crack
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I think African Americans are resilient and hustlers by nature. I think they need to understand that you can take that hustle to the boardroom, but it has to be an education process.
Daymond John / Entrepreneur
Hustle
Resilient
African
African Americans
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When I first came into money, I bought six or seven homes. One weekend I went to Miami and bought an apartment and a mansion several blocks from each other, which was not that bright!
Daymond John / Entrepreneur
Miami
Seven
Six
Blocks
Bought
Bright
Came
Homes
Mansion
Several
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I've learned, like with anything else, business is only as good as your connections and your resources. And some of the resources that I have are the fact that I work with huge artists.
Daymond John / Entrepreneur
Connections
Resources
Work Good Business
Anything Else
Work Business Good
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Five days a week, I read my goals before I go to sleep and when I wake up. There are 10 goals around health, family and business with expiration dates, and I update them every six months.
Daymond John / Entrepreneur
Family
Business
Health
Five
Months
Six
Sleep
Wake Up
Week
Around
Before
Days
Read
Dates
Goals
Update
Wake
Copy Quote
When you sell a product or service, you're making a promise to your audience. If you don't understand your audience, you'll never be able to keep that promise and you'll ultimately let them down.
Daymond John / Entrepreneur
Able
Audience
Promise
Copy Quote
When looking at trends I always ask myself basic and timeless questions about business, and the one I seem to always come back to is, 'How is this different than anything else in the marketplace?'
Daymond John / Entrepreneur
Different
Marketplace
Timeless
Trends
Business Myself Always
Anything Else
Basic
Copy Quote
One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one.
Daymond John / Entrepreneur
Brands
Business Partners
Complement
Lasts
Partners
Curve
First One
Business Look Me
Remind
Copy Quote
I never knew anything other than wanting to be an entrepreneur. I tried my first business when I was 6 years old, and I started another business when I was 8. I don't think I knew anything besides that.
Daymond John / Entrepreneur
Entrepreneur
Besides
Wanting
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I've come to learn that my initial investment is more about the person versus the product that I am buying into. I've also learned that I really do enjoy giving worthy people an opportunity of a lifetime.
Daymond John / Entrepreneur
Opportunity
Buying
Giving
Investment
Lifetime
People
Versus
Worthy
Opportunity I Am People
Initial
Product
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An entrepreneur needs to know what they need, period. Then they need to find an investor who can build off whatever their weaknesses are - whether that's through money, strategic partnerships or knowledge.
Daymond John / Entrepreneur
Entrepreneur
Strategic
Period
Investor
Partnerships
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In the founders, I look for a person I feel is trustworthy, driven and smart. I invest in the person first, because in the event the business fails, the person and I can move forward and create another business.
Daymond John / Entrepreneur
Driven
Founders
Trustworthy
Invest
Event
Fails
Move Forward
Copy Quote
Learn as many mistakes and what not to do while your business or product is small. Don't be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.
Daymond John / Entrepreneur
Bumps
Down The Road
Brand
Hurry
Occur
Product
Sustain
Copy Quote
Learn as many mistakes and what not to do while your business or product is small. Don’t be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.
Daymond John / Entrepreneur
Bumps
May
Mistake
Copy Quote
The things that I've learned is, try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets, you've learned, and you don't make bigger mistakes.
Daymond John / Entrepreneur
Assets
Partner
Copy Quote
The only thing that scares me in the tech area is that it moves so fast that you have to be ready to invest in 20 things. Because if you just invest in one, next week, somebody has a better mousetrap, and you get taken to the cleaners.
Daymond John / Entrepreneur
Moving
Next
Next Week
Ready
Taken
Somebody
Area
Invest
Fast
Mousetrap
Tech
Scares
The Only Thing
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Mentors don't have to be the Daymond Johns or the Mark Cubans. A person running a successful bodega or a tax firm in your community for the last 20 years, that person is working just as much as the individual who's running General Mills.
Daymond John / Entrepreneur
Cuban
Firm
Mills
Just As Much
Mentors
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While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.
Daymond John / Entrepreneur
Ideas
Payroll Tax
Struggle
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I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
Daymond John / Entrepreneur
Jobs
Aspect
Fund
Rhythm
Thinking
Wall
Important People Will
Employ
Tech
Tech Companies
Wall Street
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Try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets you've learned and you don't make bigger mistakes. Try to go as far as you can without anybody else's help first.
Daymond John / Entrepreneur
Levels
Mistake
Trying
Copy Quote
I think the single biggest turn off is people who think that they need money and they need all these people around them so if they get the money they can just buy all the things they need to help the company... [without] hav[ing] to put in the work themselves.
Daymond John / Entrepreneur
Needs
People
Thinking
Copy Quote
The thing about branding is it isn't etched in stone. A brand is a mark or an image or a perception we stamp on a product, a concept or an ideal, but it doesn't last forever. Like anything else, it needs to be nurtured and reinforced, or it will start to fade.
Daymond John / Entrepreneur
Forever
Needs
Perception
Copy Quote
In entrepreneurship, you decide to give up your day job at the point where either (A) the hobby/new business is at least making some form of ends meet, or (B) you feel that you need to dedicate yourself for a certain amount of time to it and give yourself the last hoorah.
Daymond John / Entrepreneur
Jobs
Giving Up
Hobbies
Copy Quote
If you go out there and start making noise and making sales - people will find you. Sales cure all. You can talk about how great your business plan is and how well you are going to do. You can make up your own opinions, but you cannot make up your own facts. Sales cure all.
Daymond John / Entrepreneur
Noise
Business Great Your
Talk
Cure
Make Up
Opinions
Plan
Sales
Start
Copy Quote
I like to look at things that have been developed and re-developed over the course of time so I know the bugs are worked out of it. And in the business itself, I like to look at sales, by far. I want to see that there is a vetted track record of sales to show the price point has worked.
Daymond John / Entrepreneur
Track
Track Record
Time Business Look
Developed
Sales
Copy Quote
There really is no shortcut just because you have a name, or you have some kind of access or some way you can solve all the problems. And I think one of the things I learned with FUBU, you have to understand that there's really only two ways of operating a business: more sales, or lower overhead.
Daymond John / Entrepreneur
Access
Overhead
Learned
Lower
Operating
Problems
Sales
Shortcut
Ways
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Fortunately, right now 'entrepreneurship' is one of the business world's biggest buzz words and so many young people in our country are looking up to this new generation of CEO's as their modern day rock stars. Whenever you have that effect, it makes the job of promoting entrepreneurship much easier.
Daymond John / Entrepreneur
Buzz
Ceo
Easier
Entrepreneurship
New Generation
Promoting
Stars
Biggest
Fortunately
Generation
Rock
Whenever
Young People
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A lot of times, I can put a product together with a distributor when I go into my Rolodex for distributors. I can then put it together with a face, such as an artist. And then I can go into my databank of retailers and people that I've been working with through the years of retail, and then also manufacturing.
Daymond John / Entrepreneur
Manufacturing
Retail
Distributor
Copy Quote
I think a great entrepreneur is learning every day. An entrepreneur is somebody that doesn't take no for an answer - they're going to figure something out. They also take responsibility. They don't blame anybody else. And they're dreamers in one sense but they're also realistic and they take affordable steps when they can.
Daymond John / Entrepreneur
Entrepreneur
Responsibility
Thinking
Copy Quote

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Daymond John Quotes - Page 2

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